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According to the preliminary data of Destatis, the volume of production orders in Germany increased by 0.6% in March compared to February, when the decline was recorded at 4%. March growth did not reach the forecasts of experts at 1.5% and became the weakest over the past 5 months. The indicator, which does not take into account large industrial orders, decreased by 1.9% compared to the previous month. Orders in the domestic market showed a decline of 4.2%, while external demand rose by 4.2%. Growth in orders from the eurozone countries was 8.6%, while other countries increased orders by 1.4%. The demand for means of production increased by 1.1%, for consumer goods - by 6.4%. At the same time, the demand for intermediate goods decreased by 1.5%. Compared with March of last year, the volume of industrial orders decreased by 6%. The rate of decline slowed down after the February drop by 8.1%.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
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